Gryphon Financial Partners LLC Purchases New Position in Crocs, Inc. (NASDAQ:CROX)

Gryphon Financial Partners LLC purchased a new stake in shares of Crocs, Inc. (NASDAQ:CROXFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,608 shares of the textile maker’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WIT Partners Advisory Pte. Ltd. bought a new stake in Crocs during the fourth quarter worth about $266,431,000. AQR Capital Management LLC boosted its stake in Crocs by 141.1% during the third quarter. AQR Capital Management LLC now owns 720,554 shares of the textile maker’s stock worth $63,574,000 after acquiring an additional 421,712 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Crocs during the third quarter worth about $34,823,000. Landscape Capital Management L.L.C. bought a new stake in Crocs during the third quarter worth about $11,216,000. Finally, Kettle Hill Capital Management LLC bought a new stake in Crocs during the third quarter worth about $9,915,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Crocs Stock Performance

NASDAQ CROX opened at $155.64 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.76 and a debt-to-equity ratio of 1.08. Crocs, Inc. has a twelve month low of $74.00 and a twelve month high of $158.00. The business has a 50-day moving average price of $135.84 and a 200-day moving average price of $117.54. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.76 and a beta of 2.03.

Crocs (NASDAQ:CROXGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The textile maker reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.77. Crocs had a return on equity of 56.33% and a net margin of 19.80%. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $884.29 million. During the same period in the prior year, the company posted $2.61 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Crocs, Inc. will post 12.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Williams Trading reissued a “hold” rating and set a $125.00 price objective (down previously from $135.00) on shares of Crocs in a research note on Tuesday, April 16th. B. Riley upped their target price on shares of Crocs from $95.00 to $122.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Raymond James upped their target price on shares of Crocs from $120.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. KeyCorp upped their target price on shares of Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, UBS Group upped their target price on shares of Crocs from $124.00 to $148.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.75.

Check Out Our Latest Stock Analysis on CROX

Insiders Place Their Bets

In other Crocs news, EVP Shannon Sisler sold 1,450 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $152.32, for a total value of $220,864.00. Following the completion of the transaction, the executive vice president now directly owns 35,653 shares in the company, valued at approximately $5,430,664.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John B. Replogle bought 1,972 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the transaction, the director now owns 3,153 shares of the company’s stock, valued at $399,642.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Shannon Sisler sold 1,450 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $152.32, for a total value of $220,864.00. Following the transaction, the executive vice president now owns 35,653 shares of the company’s stock, valued at $5,430,664.96. The disclosure for this sale can be found here. Insiders sold 18,102 shares of company stock worth $2,493,172 in the last three months. 2.72% of the stock is owned by company insiders.

About Crocs

(Free Report)

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.

Further Reading

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Institutional Ownership by Quarter for Crocs (NASDAQ:CROX)

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